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FOR IMMEDIATE RELEASE
Frank Gresock (202) 898-6634
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December. No administrative hearings are scheduled for February.
The FDIC processed a total of 22 orders in December. These included two cease-and-desist orders, six removal and prohibition orders, six civil money penalty orders, seven voluntary terminations of deposit insurance, and one termination of a cease-and-desist order.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. (telephone (703) 562-2200 or 800-276-6003). The orders will also be made available on-line within a week of the issuance of this news release. To view the orders on-line, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/index.html. A list of orders made public today follows.
Bank of Pocahontas, Pocahontas, Arkansas; FDIC-02-119b; Issued 12/12/02
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
Home State Bank, Louisville, Nebraska; FDIC-01-140e; against Philip L. Pankonin; Issued 12/6/02
Western State Bank, Devils Lake, North Dakota; FDIC-01-156e; against Todd B. Thompson; Issued 12/6/02
Chickasha Bank & Trust Company, Chickasha, Oklahoma; FDIC-01-104e; against Donna G. Otey; Issued 12/4/02
First Security State Bank, Cranfills Gap, Texas; FDIC-02-146e; against Bobby H. Viertel; Issued 12/17/02
Home State Bank, Rochester, Texas; FDIC-01-047e; against George A. Mullino, Sr.; Issued 12/4/02
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
First Security State Bank, Cranfills Gap, Texas; FDIC-01-060k; Order to Pay Civil Money Penalty in the amount of $25,000 against Bobby H. Viertel; Issued 12/17/02
The Peoples Bank of Bullitt County, Shepherdsville, Kentucky; FDIC-02-120k; Order to Pay Civil Money Penalty in the amount of $9,800; Issued 12/17/02
Strata Bank, Medway, Massachusetts; FDIC-01-187k; Order to Pay Civil Money Penalty in the amount of $2,500; Issued 12/13/02
Home State Bank, Louisville, Nebraska; FDIC-01-141k; Order to Pay Civil Money Penalty in the amount of $15,000 against Philip L. Pankonin; Issued 12/6/02
Western State Bank, Devils Lake, North Dakota; FDIC-02-109k; Order to Pay Civil Money Penalty in the amount of $3,000 against Todd B. Thompson; Issued 12/6/02
ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. § 1818(p)
G & L Bank, Pensacola, Florida; FDIC-02-084p; Issued 12/20/02
State Bank of India, Flushing, New York; FDIC-02-144p; Issued 12/9/02
LBS Bank - New York, New York City, New York; FDIC-02-205p; Issued 12/26/02
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
Peoples Bank of Northern Kentucky, Inc, Crestview Hills, Kentucky; FDIC-02-208q; Issued 12/30/02
Industrial Bank of Korea, New York Branch; New York City, New York; FDIC-02-204q; Issued 12/26/02
TERMINATION OF CEASE-AND-DESIST ORDERMaryland Permanent Bank and Trust Company, Owings Mills, Maryland; FDIC-00-107b; Issued 12/19/02
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 9,415 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars-insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov or through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200.)
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